This is the Liquidators’ supplementary report (PDF 2.44MB) to the Client Monies Investigations Report (“the CSA Report”) published on this website on 22 December 2015, which provides an update on the Liquidators’ investigations into the affairs of BBY Limited (“BBYL”), including BBYL’s dealings with client monies and counterparties, with a view to providing further information to the Court and representative defendants in the proceeding. This supplementary report must be read in conjunction with the CSA Report. This supplementary report has been filed in the proceeding and served on each of the representative defendants, who represent the interests of various classes of creditors.

Client Monies Affidavit 15 June 2016

In addition to the client monies supplementary investigation report, the Liquidators have also lodged a supporting affidavit on 15 June 2016 in relation to further investigations that were conducted into BBYL’s dealings with client monies. Refer to Client Monies Affidavit (PDF 402KB): 15 June 2016.

Next steps

Refer to the Client Monies: Court Directions Proceedings page for latest news on the directions proceeding.

Appendices

Section 1

• Appendix 1.1 – Population 1: Top 60 Transaction by Value (PDF 83KB)
• Appendix 1.2 – Population 2: Generic Description Matches (PDF 96KB)
• Appendix 1.3 – Population 3: TO FROM Description Matches (PDF 89KB)
• Appendix 1.4 – Population 4: List of funds transferred by verbal direction (PDF 87KB)
• Appendix 1.5 – Population 5: Saxo Discrepancy Transactions (PDF 85KB)
• Appendix 1.6 – Population 6: Product Reconciliation Items as at 15 May 2015 (PDF 97KB)

Section 2

• Appendix 2.1 – Updated summary of bank accounts and account pool categorisations (PDF 92KB)

Section 4

• Appendix 4.1 – Item 2.6(a) spreadsheet (PDF 22KB)
• Appendix 4.2 – Email 'Segregated asset breakdown' dated 24-03-2011 (PDF 56KB)
• Appendix 4.3 – Verification of "Saxo client funds" as at 25 May 2011 (PDF 72KB)
• Appendix 4.4 – SMH Article: Stockbrokers forced to quit (PDF 97.3KB)
• Appendix 4.5 – Cash, Settlement and Daily Financial Summary (PDF 133KB)
• Appendix 4.6 – Breakdown of $6.9 million transferred from Trust 4 to Operating account (PDF 95KB)
• Appendix 4.7 – BSA Creditor EFT Auditor Report created 8 August 2013 (PDF 10KB)
• Appendix 4.8 – BSA Creditor EFT Auditor Report created 21 November 2012 (PDF 10KB)

Section 5

• Appendix 5.1 – Limitations of bank movement schedule analysis (PDF 434KB)
• Appendix 5.2 – BBYCORP ledger (PDF 22KB)
• Appendix 5.3 – BBYFUNDING ledger (PDF 70KB)
• Appendix 5.4 – BBYFUNDING ledger bank statement comparison (PDF 220KB)
• Appendix 5.5 – FINREMIT ledger (PDF 76KB)
• Appendix 5.6 – FINREMIT 'BBY Corp' journals after August 2012 (PDF 196KB)
• Appendix 5.7 – Adjusted BBYFUNDING Ledger (PDF 81KB)
• Appendix 5.8 – Adjusted BBYFUNDING Ledger completeness testing (PDF 209KB)
• Appendix 5.9 – Adjusted BBYFUNDING Ledger sample analysis (PDF 90KB)
• Appendix 5.10 – Adjusted BBYFUNDING Ledger reliability testing (PDF 167KB)

Section 6

• Appendix 6.1 – Revised Aquila funds flow diagram (PDF 118KB)

Section 9

• Appendix 9.1 – Breakdown of internal transactions (PDF 186KB)
• Appendix 9.2 – Process A transactions (PDF 480KB)
• Appendix 9.3 – Process B transactions (PDF 199KB)

Section 10

• Appendix 10.1 – Summary of Categorised Transactions – Saxo termination (PDF 92KB)
• Appendix 10.2 – SAXO Upload and termination funds flow diagram (Update) (PDF 91KB)

Section 11

• Appendix 11.1 – Schedule of BNZ account balances as at 17 May 2015 & 23 May 2016 (PDF 70KB)
• Appendix 11.2 – Analysis of example BNZ transactions (PDF 190KB)

Section 12

• Appendix 12.1 – BBYL CSA Account Balances (PDF 76KB)
• Appendix 12.2 – Update on certain post-appointment transactions (PDF 200KB)
• Appendix 12.3 – Excel spreadsheet 'SCMA Open Positions EOD 29 Apr 2016 (PDF 594KB)
• Appendix 12.4 – ADM Confirmation as at 29 April 2016 (PDF 12KB)
• Appendix 12.5 – ABN AMRO Confirmation as at 29 April 2016 (PDF 11KB)

Section 13

• Appendix 13.1 – Equity/ETO claim ageing analysis (PDF 79KB)